PayPal is an online payment system that serves as an electronic alternative to traditional methods such as paper checks and money orders. Users can send and receive money from individuals and businesses, and also make online purchases.
Launched in 1998 as Confinity Inc.
First product was software security for handheld devices
In March 2000, Confinity merged with X.com, an online banking company founded by Elon Musk
X.com changed its name to PayPal in 2001 and shifted its focus to digital payments
Acquired by eBay in 2002
Spun off from eBay in 2015 as a separate publicly traded company
Offers a set of unified APIs and tools that enable businesses to accept and manage online payments
Provides payment and point-of-sale solutions for businesses of all sizes
Owned by PayPal, Venmo is a mobile payment service that enables users to send and receive money from friends
A digital wallet and online payment system developed by Google that enables users to make payments and transfer money
Allows users to process credit card, debit card, and PayPal payments on their website or app securely
A streamlined checkout experience that allows customers to pay for their orders with PayPal, credit cards, and debit cards
Offers a set of APIs and tools for businesses to accept payments, manage orders, track inventory, and more
PayPal allows users to send and receive money online. Users can add their bank account or credit/debit card to their PayPal account and use it to send/receive money securely.
Yes, PayPal uses industry-standard encryption to protect user data and transactions. Users can also enable two-factor authentication for added security.
Yes, many online retailers accept PayPal as a payment option. Just look for the PayPal button at checkout.
PayPal charges a fee for certain transactions, such as receiving money for goods and services. The fee varies depending on the transaction amount and the user's country.
Users can contact PayPal customer support via phone, email, or chat on the PayPal website. There is also a Help Center with FAQs and guides.